Will the Fed let Lehman Fail?

[cr]

Right.

And to answer the original question about bailing out Lehman?

I don’t know, but they bailed out Bear Sterns and Frannie, but the latter was a problem caused by the Government. Still, doesn’t mean they should have bailed them out, especially when Paulson said institutions must be allowed to fail.

So then I ask myself, why wouldn’t they bailout Lehman?

One, they really can’t afford to b/c they’ll need to bailout WaMu. Two, Lehman is probably not regarded as critical to the market as Frannie, but then they’re not all that different from Bear and they sponsored that bailout so who knows.

[Coronita]

[quote=pedrocon]I’m sure the upper managers at Lame men have more money than me although I’m doing just fine thank you. I’m not talking about them personally, but their performance running Lame men. If you were a shareholder of Lame men you’d probably be pretty unimpressed with their performance. Pretty pathetic job for these over educated incompetents. Maybe they should hire some 23 year old guy with an associates degree. I mean how much worse could he really do? I think their stock is down like 85%. [/quote]

It sounds like there is disdain over folks that went to a top school. I think there is a fact check here. While there are definitely exceptions to the rule, I’m willing to but money that if you compare the average “over educated incompetents” from these top schools and compare this to the average graduates from a shit school or no school, you’ll see a significant difference in either achievement or whatnot. Not all cases, because obviously it is possible in america to be completely no college educated and still be successful or to be a Harvard flunkout and be directionless in life. But on average, I’d say you’ll find the difference in what opportunities are available and not. I don’t think, for instance, you’ll find many folks with an econ degree from University of Phoenix working in the private equity group of some of these institutions.

Same rule even applies to enginerds. There are shit programmers and real software engineers, and while there are some great software engineers and architects that don’t have college degrees, most of the really good ones do and usually from a relatively good school (and for engineering, that range of “good schools is large”) I won’t digress into what I think is good or bad…I know it when i see the candidates.

[Coronita]

[quote=pedrocon]I’m sure the upper managers at Lame men have more money than me although I’m doing just fine thank you. I’m not talking about them personally, but their performance running Lame men. If you were a shareholder of Lame men you’d probably be pretty unimpressed with their performance. Pretty pathetic job for these over educated incompetents. Maybe they should hire some 23 year old guy with an associates degree. I mean how much worse could he really do? I think their stock is down like 85%. [/quote]

It sounds like there is disdain over folks that went to a top school. I think there is a fact check here. While there are definitely exceptions to the rule, I’m willing to but money that if you compare the average “over educated incompetents” from these top schools and compare this to the average graduates from a shit school or no school, you’ll see a significant difference in either achievement or whatnot. Not all cases, because obviously it is possible in america to be completely no college educated and still be successful or to be a Harvard flunkout and be directionless in life. But on average, I’d say you’ll find the difference in what opportunities are available and not. I don’t think, for instance, you’ll find many folks with an econ degree from University of Phoenix working in the private equity group of some of these institutions.

Same rule even applies to enginerds. There are shit programmers and real software engineers, and while there are some great software engineers and architects that don’t have college degrees, most of the really good ones do and usually from a relatively good school (and for engineering, that range of “good schools is large”) I won’t digress into what I think is good or bad…I know it when i see the candidates.

[Coronita]

[quote=pedrocon]I’m sure the upper managers at Lame men have more money than me although I’m doing just fine thank you. I’m not talking about them personally, but their performance running Lame men. If you were a shareholder of Lame men you’d probably be pretty unimpressed with their performance. Pretty pathetic job for these over educated incompetents. Maybe they should hire some 23 year old guy with an associates degree. I mean how much worse could he really do? I think their stock is down like 85%. [/quote]

It sounds like there is disdain over folks that went to a top school. I think there is a fact check here. While there are definitely exceptions to the rule, I’m willing to but money that if you compare the average “over educated incompetents” from these top schools and compare this to the average graduates from a shit school or no school, you’ll see a significant difference in either achievement or whatnot. Not all cases, because obviously it is possible in america to be completely no college educated and still be successful or to be a Harvard flunkout and be directionless in life. But on average, I’d say you’ll find the difference in what opportunities are available and not. I don’t think, for instance, you’ll find many folks with an econ degree from University of Phoenix working in the private equity group of some of these institutions.

Same rule even applies to enginerds. There are shit programmers and real software engineers, and while there are some great software engineers and architects that don’t have college degrees, most of the really good ones do and usually from a relatively good school (and for engineering, that range of “good schools is large”) I won’t digress into what I think is good or bad…I know it when i see the candidates.

[Coronita]

[quote=pedrocon]I’m sure the upper managers at Lame men have more money than me although I’m doing just fine thank you. I’m not talking about them personally, but their performance running Lame men. If you were a shareholder of Lame men you’d probably be pretty unimpressed with their performance. Pretty pathetic job for these over educated incompetents. Maybe they should hire some 23 year old guy with an associates degree. I mean how much worse could he really do? I think their stock is down like 85%. [/quote]

It sounds like there is disdain over folks that went to a top school. I think there is a fact check here. While there are definitely exceptions to the rule, I’m willing to but money that if you compare the average “over educated incompetents” from these top schools and compare this to the average graduates from a shit school or no school, you’ll see a significant difference in either achievement or whatnot. Not all cases, because obviously it is possible in america to be completely no college educated and still be successful or to be a Harvard flunkout and be directionless in life. But on average, I’d say you’ll find the difference in what opportunities are available and not. I don’t think, for instance, you’ll find many folks with an econ degree from University of Phoenix working in the private equity group of some of these institutions.

Same rule even applies to enginerds. There are shit programmers and real software engineers, and while there are some great software engineers and architects that don’t have college degrees, most of the really good ones do and usually from a relatively good school (and for engineering, that range of “good schools is large”) I won’t digress into what I think is good or bad…I know it when i see the candidates.

[Coronita]

[quote=pedrocon]I’m sure the upper managers at Lame men have more money than me although I’m doing just fine thank you. I’m not talking about them personally, but their performance running Lame men. If you were a shareholder of Lame men you’d probably be pretty unimpressed with their performance. Pretty pathetic job for these over educated incompetents. Maybe they should hire some 23 year old guy with an associates degree. I mean how much worse could he really do? I think their stock is down like 85%. [/quote]

It sounds like there is disdain over folks that went to a top school. I think there is a fact check here. While there are definitely exceptions to the rule, I’m willing to but money that if you compare the average “over educated incompetents” from these top schools and compare this to the average graduates from a shit school or no school, you’ll see a significant difference in either achievement or whatnot. Not all cases, because obviously it is possible in america to be completely no college educated and still be successful or to be a Harvard flunkout and be directionless in life. But on average, I’d say you’ll find the difference in what opportunities are available and not. I don’t think, for instance, you’ll find many folks with an econ degree from University of Phoenix working in the private equity group of some of these institutions.

Same rule even applies to enginerds. There are shit programmers and real software engineers, and while there are some great software engineers and architects that don’t have college degrees, most of the really good ones do and usually from a relatively good school (and for engineering, that range of “good schools is large”) I won’t digress into what I think is good or bad…I know it when i see the candidates.

[davelj]

[quote=cooprider]Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.[/quote]

Other than taxpayers, who are truly getting screwed (they didn’t ask to participate in the first place), I’m not sure who else is getting “screwed” when these firms go belly-up. The investors should all understand the risks. So long as fraud is not being committed there are no investment victims; just willing participants who lost. Likewise with the employees. I just don’t see the “screwing” going on other than at the taxpayer level.

[davelj]

[quote=cooprider]Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.[/quote]

Other than taxpayers, who are truly getting screwed (they didn’t ask to participate in the first place), I’m not sure who else is getting “screwed” when these firms go belly-up. The investors should all understand the risks. So long as fraud is not being committed there are no investment victims; just willing participants who lost. Likewise with the employees. I just don’t see the “screwing” going on other than at the taxpayer level.

[davelj]

[quote=cooprider]Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.[/quote]

Other than taxpayers, who are truly getting screwed (they didn’t ask to participate in the first place), I’m not sure who else is getting “screwed” when these firms go belly-up. The investors should all understand the risks. So long as fraud is not being committed there are no investment victims; just willing participants who lost. Likewise with the employees. I just don’t see the “screwing” going on other than at the taxpayer level.

[davelj]

[quote=cooprider]Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.[/quote]

Other than taxpayers, who are truly getting screwed (they didn’t ask to participate in the first place), I’m not sure who else is getting “screwed” when these firms go belly-up. The investors should all understand the risks. So long as fraud is not being committed there are no investment victims; just willing participants who lost. Likewise with the employees. I just don’t see the “screwing” going on other than at the taxpayer level.

[davelj]

[quote=cooprider]Depends how you look at it.

You can still make millions off people you screw over, run a world class company into the ground, land with a $50 million golden parachute while your peons file bankruptcy, have multiple 10 digit bank accounts, an IQ of 160, and become a industry specialist making $50000/hr training fortune 500 companies how to do the same thing you did and still be an idiot.

Why? Because it’s happening.

Call it karma, fate, judgement, yin yang or whatever you like, but eventually what goes around comes around in this life or the next, or worse, your kids.

Not realizing all actions have a consequence makes you an idiot in my book. Not caring is even worse.[/quote]

Other than taxpayers, who are truly getting screwed (they didn’t ask to participate in the first place), I’m not sure who else is getting “screwed” when these firms go belly-up. The investors should all understand the risks. So long as fraud is not being committed there are no investment victims; just willing participants who lost. Likewise with the employees. I just don’t see the “screwing” going on other than at the taxpayer level.

[poorsaver]

Chatter on the web is the Fed might orchestrate a shotgun wedding of sorts, possibly between B of A. More backstopping? Or backstabbing the taxpayer.

[poorsaver]

Chatter on the web is the Fed might orchestrate a shotgun wedding of sorts, possibly between B of A. More backstopping? Or backstabbing the taxpayer.

[poorsaver]

Chatter on the web is the Fed might orchestrate a shotgun wedding of sorts, possibly between B of A. More backstopping? Or backstabbing the taxpayer.

[poorsaver]

Chatter on the web is the Fed might orchestrate a shotgun wedding of sorts, possibly between B of A. More backstopping? Or backstabbing the taxpayer.

[Author]

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